The publisher contributes $1,200 per year— or a maximum of $9,000 — to its eligible employees’ student debt. Part-time employees receive $75 a month, and no more than $6,750 in total.
“We have always believed in doing our part to tackle broader societal challenges by starting within our own communities,” Markus Dohle, CEO of Penguin Random House, said in a press release.
The company employs some 4,000 people across the country, and 12 percent are now receiving help with their student debt.
Other companies offering the benefit include Hewlett Packard Enterprise, an information technology company based in Palo Alto, California, Options Clearing Corp., a large clearinghouse for equity derivatives, Carvana, an online used car dealership, Andersen Tax, and consumer products company Honeywell.
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